A beneficiary is someone who will receive the payout from your life insurance policy at Luebbering Insurance Agency LLC if you were to die. While choosing a beneficiary doesn’t have to be all that complicated, there are some things you can keep in mind. 

Who you choose to name as your beneficiary in Jefferson City, MO is going to be unique to your own circumstances. The main reason why people get life insurance is to have peace of mind when it comes to your family. Your life insurance is really your safety net. If you live with a spouse, would he or she still be able to pay the mortgage and bills without your income? If you provide support to your parents, would they be able to go on without your help? Would any of these people be taking on any of your debt? Did your parents cosign your mortgage or help you with the down payment? Did your partner take a step back from their work to take care of children? 

There are some common scenarios that make it easy to choose a beneficiary in Jefferson City, MO. If you are married with kids then it’s pretty easy to name a beneficiary. Most people will choose the spouse as the beneficiary so the spouse can use the proceeds to provide for the kids. This is true for even spouses who stay home since childcare and household upkeep would still need to be paid for. If you are married with no kids, most people still choose a spouse as a primary beneficiary with a parent as a contingent beneficiary. If you are a single parent then you are likely getting insurance to provide for your children. You can name your child but life insurance companies can’t pay out the policy to a minor. When there is a minor involved, you also need to have a custodian to transfer the policy to. You could name a trusted family member who you know has the best interest of your child in mind.  

Contact Luebbering Insurance Agency LLC to get a quote on life insurance.